Bitcoin Cash pumps 13% – a rally in the works?


A 13% pump over the past day took Bitcoin Cash [BCH] above the $200 psychological level as of press time, after finding support at the $186 price zone. With Bitcoin [BTC] also hitting the $26k price level, this could lead to more bullish price action for BCH.


BCH has been on a bearish decline since early July. This saw Bitcoin Cash drop from $325 to $165 before finding initial support at the $186 price level.


The 12-hour chart showed that bulls had rallied strongly on 29 August but met resistance at the $220 price zone. A retest of the $186 support level on 11 September led to BCH’s recent rally, with bulls looking to build on.


A long move from the current price level could result in profits for bulls at the $220 – $240 price level. This buying move would be accelerated if Bitcoin continues its bullish rebound.


However, if the king coin dips back under $26k, a shorting set-up could materialize for sellers with targets at $170 to $185.

Meanwhile, the Relative Strength Index (RSI) surged to 60 to highlight the strong buying pressure. The On Balance Volume (OBV) also jumped from 7.7 million to 8.1 million, reiterating the good trading volume for BCH.


The short-term bias for BCH in the futures market was bullish. Data from Coinglass showed that bulls held a 51.33% share of the open contracts. This amounted to $166.26 million long positions, which outperformed the $157.63 million short positions.


This hinted that buyers were looking to press home the bullish advantage with more gains in the coming days.


Source : by Suzuki Shillsalot - AMBCrypto by Suzuki Shillsalot / September 14, 2023 logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.